Why your utility bill's still rising even when power's so cheap

PA's Matt Mooren, an energy and utility expert, is quoted in an article in Bloomberg. The article discusses the reasons why consumers are seeing an increase in their utility bills despite the falling energy costs across the U.S.

Commenting on this trend, Matt Mooren stated: "Thanks to the shale boom and rise in renewable generation, consumers are paying less for the electricity that keeps their lights."

Matt concluded by stating: "For a residential utility rate of 10 cents per kilowatt-hour, electricity itself accounts for about 3 to 4 cents these days. It was closer to 5 or 6 cents in 2008, before the shale boom took hold."